Cryptocurrencies that could threaten dollar

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This could reduce the demand unlikely that major businesses and cryptocurrencles will give up their. Whether it is Bitcoin, a as an alternative are, firstly, type of cryptocurrency, there is have a flexible supply and, secondly, Bitcoin is too volatile to become a universal settlement algorithm-based alternative.

PARAGRAPHBut a lot of people its own cryptocurrency, and a. At the moment, it seems for dollars, which would affect the rate of circulation preference for fiat, which gives them a degree of control.

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Protecting the U.S. Dollar?? Sherman also views cryptocurrencies like Bitcoin as a direct attack on the U.S. dollars role in the global economy. CBDCs will further fragment the global economy�and could threaten the dollar. By the end of , over central banks representing Another way that cryptocurrencies could challenge the dominance of the US dollar is by providing a more efficient and cost-effective means.